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Fly News Breaks for September 22, 2016
SKX
Sep 22, 2016 | 07:59 EDT
Cowen analyst John Kernan lowered his second half estimates for Skechers citing ongoing pressure in both the domestic wholesale and retail channels. The analyst feels these will likely pressure sales growth into 2017 and store openings will drive SG&A growth, rendering consensus estimates too high. Kernan maintained his Market Perform rating and lowered his price target to $24 from $28 on Skechers shares.
News For SKX From the Last 2 Days
SKX
Apr 17, 2024 | 08:20 EDT
Evercore ISI lowered the firm's price target on Skechers to $68 from $73 and keeps an Outperform rating on the shares. Though the firm's U.S. checks suggest year-to-date trends have been positive, Evercore expects revenues to be slightly below consensus at 9.2% year-over-year growth given more muted U.S. trends and macro pressure in both Europe and the China market.
